If I have to scale to millions of users then my business plan is not as good as I thought. Why? Because as much as I'd like to think otherwise, tech startups do not produce a tangible product. Unlike automobile manufacturers, or hardware folk, we don't need a lot of money to build something big. All we need are people to write the code. Then we just focus on selling it. For me, a software product that requires millions of users to be profitable, is simply playing the lottery. I can play the lottery for $1 and not have to deal with investors and TC.
Someone might say that I lack experience doing so. Well, not really. I've been there, and done that. Online and offline. Nowdays, to me, its a matter of trying to win the millions lottery, or building something that makes me money without the drama of SV.
I know I'm wrong on various points. If you will, explain.
OP left a quarter-million a year hedge fund job to swing for the fences. I'd guess his floor for "acceptable" exits is in the multiple millions. Your personal mileage my vary.
I don't think you're wrong. It's a personal choice based on one's perceived strengths. Some people don't think it's a lottery. They think they can replicate success.
Personally, I do think there is skill involved unlike a lottery. But, I still think there's a fair amount of luck, too. In the end, I'm not sure I would start another company that didn't have the option of becoming profitable right away.
If I have to scale to millions of users then my business plan is not as good as I thought. Why? Because as much as I'd like to think otherwise, tech startups do not produce a tangible product. Unlike automobile manufacturers, or hardware folk, we don't need a lot of money to build something big. All we need are people to write the code. Then we just focus on selling it. For me, a software product that requires millions of users to be profitable, is simply playing the lottery. I can play the lottery for $1 and not have to deal with investors and TC.
Someone might say that I lack experience doing so. Well, not really. I've been there, and done that. Online and offline. Nowdays, to me, its a matter of trying to win the millions lottery, or building something that makes me money without the drama of SV.
I know I'm wrong on various points. If you will, explain.